Federal Realty Investment Trust reported unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2018. For the quarter, the company reported total revenue of $229,753,000 against $217,953,000 for the same period a year ago. Operating income was $90,342,000 against $84,497,000 for the same period a year ago. Income from continuing operations was $61,055,000 against $58,107,000 for the same period a year ago. Net income attributable to the trust was $62,558,000 against $106,777,000 for the same period a year ago. Net income available for common shareholders was $60,548,000 or $0.82 per basic and diluted share against $106,600,000 or $1.47 per basic and diluted share for the same period a year ago. In third quarter 2018, Federal Realty generated funds from operations available for common shareholders of $117,334,000, or $1.58 per diluted share. This compared to FFO of $109,968,000, or $1.50 per diluted share, in third quarter 2017.

For the nine months, the company reported total revenue of $680,060,000 against $633,391,000 for the same period a year ago. Operating income was $266,383,000 against $249,131,000 for the same period a year ago. Income from continuing operations was $182,231,000 against $175,136,000 for the same period a year ago. Net income attributable to the trust was $187,400,000 against $239,258,000 for the same period a year ago. Net income available for common shareholders was $181,369,000 or $2.47 per basic and diluted share against $238,810,000 or $3.31 per basic share and $3.30 per diluted share for the same period a year ago. For the nine months ended September 30, 2018, FFO was $344,550,000, or $4.66 per diluted share, compared to $324,491,000 or $4.45 per diluted share for the same nine month period in 2017.

The company raised its guidance for 2018 FFO per diluted share to a range of $6.18 to $6.24 and increased 2018 earnings per diluted share guidance to a range of $3.23 to $3.29.